Crypto trading activity slowed in March, with spot volumes falling sharply and 
derivatives showing mixed performance. The decline was broad-based, though a 
few platforms posted gains in derivatives and user traffic. Key Takeaways: 
Exchange data shows March spot volumes fell 19.4%, led by Upbit’s 39.4% drop. 
Coinbase derivatives rose 41.4% as the total fell 2.9%, […]

Spot Crypto Volumes Drop Nearly 20% in March

CAEX has secured major backing from OKX Ventures and HashKey Capital as it 
prepares to enter Vietnam’s strictly regulated digital asset market. According 
to an April 10 press release, the two firms are joining VPBank Securities and 
LynkiD as shareholders…

OKX backs VPBank-linked CAEX for Vietnam crypto pilot bid

Elon Musk’s xAI is taking Colorado to court over a new set of regulations 
designed to govern artificial intelligence. The lawsuit, filed in a US 
district court on Thursday, seeks to stop Senate Bill 24-205 from taking 
effect. This law…

xAI sues Colorado to block AI law targeting chatbot speech

A cryptocurrency analyst has pointed out how Zcash (ZEC) has broken above the 
resistance level of a Descending Triangle with its latest surge. Zcash Is 
Breaking Out Of A Descending Triangle In a new post on X, analyst Ali Martinez 
has talked about a technical analysis (TA) pattern that Zcash could be 
breaking out of right now. The pattern in question is a Descending Triangle, 
which is a type of Triangle. Related Reading: Bitcoin Surge To $72,000 
Unleashes $470M Squeeze On Crypto Bears Triangles form whenever an asset 
observes consolidation between two converging trendlines. Like with other 
consolidation patterns in TA, the upper line of the channel is likely to be a 
source of resistance, while the lower one that of support. In the case of a 
Descending Triangle, the lower trendline is parallel to the time-axis. Thus, 
as the asset travels through this channel, its range shrinks with time to a 
net downside. Similar to the Descending Triangle, there is also the Ascending 
Triangle in TA, involving the opposite setup. In this pattern, the range goes 
up instead. Now, here is the chart shared by Martinez that shows the 
Descending Triangle pattern potentially forming in the 1-day ZEC price: As 
displayed in the above graph, Zcash was moving inside this channel earlier, 
but the sharp price surge over the past week has meant that it has escaped 
above the upper level. Currently, it&#8217;s still uncertain whether the breakout 
will sustain, but in case it does, it could prove to be a bullish signal. This 
is due to the reason that consolidation channel breakouts are generally 
treated as continuation signals. Thus, if the asset breaks resistance, it&#8217;s 
considered to be headed in the bullish direction, while it falling below 
support can foreshadow further bearish action. Based on the latest ZEC 
breakout, Martinez has put the $440 target. It now remains to be seen whether 
the breakout will hold and if Zcash will see a rally to this level. Related 
Reading: Cardano Whale Count Climbs To 4-Month High Amid Steady Accumulation 
ZEC isn&#8217;t the only altcoin that has seen the formation of a Descending 
Triangle. As the analyst has highlighted in another X post, DOGE has been 
stuck inside such a pattern on the 4-hour timeframe. From the chart, it&#8217;s 
apparent that the 4-hour Dogecoin price has been fast approaching the apex of 
the triangle, suggesting a breakout could occur soon. Based on the height of 
the channel, Martinez has noted that a 29% move could follow an escape from 
the pattern. ZEC Price Zcash has surged to the $316 mark following its sharp 
rally over the last few days. Featured image from Dall-E, chart from 
TradingView.com

Zcash Breaks Out With 34% Surge—Is $440 The Next Target?

Bitcoin’s push past $73,000 quickly lost steam as the market shifted focus 
back to a shaky truce between the U.S. and Iran. While a brief rally took 
place after rumors surfaced that Iran might accept Bitcoin as payment for 
cargo…

Cryptocurrency price in KWD